Cloud Computing Market: Size & Trends Shows a Rapid Growth by 2027

The global cloud computing market size was valued at US$265 billion in 2019 and is expected to expand at a CAGR of 14% from 2020 to 2027. Growing consumption of mobile devices and big data around the world is a major driver of market growth. The development of next-generation industrial solutions will be cloud-enhanced and require a cloud platform to demonstrate digital business functions.

A full report of Cloud Computing Market is available at: https://www.orionmarketreports.com/cloud-computing-market/45087/

Cloud Computing Market Segmentation:

By Service

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)

By Workload

• Application Development & Testing
• Data Storage & Backup
• Resource Management
• Orchestration Services
• Others

By Deployment

• Public
• Private
• Hybrid

By Enterprise Size

• Large Enterprise
• Small & Medium Enterprise

By End-Use

• BFSI
• IT & Telecom
• Retail & Consumer Goods
• Manufacturing
• Energy & Utilities
• Healthcare
• Media & Entertainment
• Government & Public Sector
• Others

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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)